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Avoid the Pitfall of EDF Out of Contract Rates

As a business owner, keeping operational costs under control is pivotal, especially when it comes to energy consumption. Out-of-contract rates can be a surprise bump in your financial road. Here, we dissect EDF's latest energy prices effective from April 2024, and how The Smart Energy Company stands ready to steer you towards a better energy plan.


EDF Logo to show what their prices are when a client is placed on their out of contract rates

As a business owner, keeping operational costs under control is pivotal, especially when it comes to energy consumption. Out-of-contract rates can be a surprise bump in your financial road. Here, we dissect EDF's latest energy prices effective from April 2024, and how The Smart Energy Company stands ready to steer you towards a better energy plan.


What Are Out-of-Contract Rates?


Out-of-contract rates are the prices your business pays for energy after your fixed deal ends, and before you lock in a new one. These rates from EDF are typically higher, making it essential to switch to a more competitive contract promptly.


When Are You Charged Out-of-Contract Rates by EDF?


Your business will be charged out-of-contract rates by EDF if:

  1. Your contracted tariff ends, and you haven't signed a new deal.

  2. You start consuming energy at a new premise without agreeing to a contract.

  3. Your pricing agreement with EDF expires or gets terminated without renewal.


The Switching Process Explained


Switching suppliers or tariffs doesn't have to be a drawn-out affair. With The Smart Energy Company, leveraging the Faster More Reliable Switching service introduced by Ofgem, your switch to a new EDF contract can take as little as 2-5 working days. Say goodbye to the fear of being rolled onto expensive out-of-contract rates indefinitely.


 

EDF Out of Contract Electric Prices - Effective 01/04/2024

Meter Type

Standing Charge (p/Day)

Day Rate (p/kWh)

Night/Off Peak* (p/kWh)

Evening/Weekend* (p/kWh)

Standard

200

34.92

Economy 7

200

35.68

32.03

Evening Weekend

200

35.74

33.80

Evening Weekend Night

200

36.36

31.82

34.77

White Meter

200

35.68

32.03

Off Peak

190

32.36

EDF Extended Supply Gas Prices - Effective 01/10/2023

Meter Type

Standing Charge (p/Day)

Unit Rate (p/kWh)

Standard

250

8.28

* Night/Off Peak and Evening/Weekend rates are subject to specific conditions. Rates are subject to change.


For the full, detailed schedule of EDF's out-of-contract rates and to explore their terms and services, please visit their official rate schedule. This will give you direct access to EDF's comprehensive rates and conditions, ensuring you're fully informed of your options.


The Faster Switching Process with The Smart Energy Company:

In line with Ofgem's Faster, More Reliable Switching programme, switching suppliers or tariffs can now be accomplished in a significantly reduced time frame. The Smart Energy Company can facilitate a switch from out-of-contract rates to a more favourable EDF contract within 2-5 working days, a substantial improvement from the previous 28-day standard.


 

Why The Smart Energy Company Can Help


With expertise in the energy sector and a client-first approach, The Smart Energy Company can help you transition from out-of-contract rates to a contract that’s both affordable and tailored to your needs. Our dedicated team ensures that the switch is smooth, fast, and without hassle.


How to Get a Quote


Are you ready to escape the unpredictability of out-of-contract rates? Reach out to us at The Smart Energy Company for a personalised quote that fits your business. With just a few details about your energy usage, we can help you secure the best rates that EDF has to offer.


 

Wrapping Up


Don't let out-of-contract rates disrupt your business's financial planning. Connect with The Smart Energy Company for advice and assistance in finding a new energy contract that brings you peace of mind and savings. Take control of your energy costs today – because smart energy decisions power successful businesses.


0151 459 3388 | info@smart-energy.uk





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Have More Questions?

  • Is it possible to change multiple business utilities at the same time?
    Our switching service allows you to switch multiple utilities simultaneously. We have successfully assisted multiple businesses in the UK by helping them save on various services such as energy and water with savings within 2023 already over the £2 Million mark.
  • How much can I save on my business utility bills?
    The amount you can save on your business utility bills will depend on various factors such as your current usage, the rates offered by different providers, and the specific deals available in your location. However, our switching service is designed to help you find the best deals and save as much as possible. By comparing multiple suppliers and negotiating competitive rates, we aim to maximise your potential savings. Get in touch with us to discuss your specific needs and get personalised information on potential cost savings for your business utility bills.
  • How does switching business utilities work?
    Switching business utilities involves a straightforward process. Here's a general overview of how it works: Evaluation: Start by assessing your current utility bills and usage patterns. This will give you an idea of your current costs and help identify areas where savings can be made. Comparison: Use a switching service like ours to compare different utility providers in your area. We provide you with quotes from multiple suppliers, allowing you to compare prices, contract terms, and services offered. Selection: Based on the comparison results, choose the utility provider that best meets your needs and budget. Consider factors such as price, customer reviews, contract terms, and any additional services or benefits offered. Contract Negotiation: Once you've chosen a new provider, our team can help negotiate the contract terms and rates on your behalf. Switching Process: The switching service will coordinate the transition with your current supplier and the new provider. This may involve submitting termination notices, arranging meter readings, and scheduling the activation of new services. Enjoy the Savings: After the switch, you'll start receiving services from your new provider, typically at the agreed-upon rates. You will notice savings on your utility bills, providing you with cost advantages for your business. Remember, the exact process may vary depending on the type of utility you are switching, but our switching service aims to simplify the process and assist you at every step.
  • Who are the cheapest business utility providers?
    As market conditions and prices fluctuate regularly, it's challenging to provide an up-to-date and definitive list of the cheapest business utility providers. The prices we provide you are valid and available on the day of the quote and will provide most current and competitive deals available. Our switching service helps you compare prices and offers from multiple suppliers, ensuring you have the most accurate and relevant information to make an informed decision about your business utility provider.
  • What is energy procurement?
    Energy procurement is the process of sourcing, negotiating, and securing energy contracts to meet the specific needs of a business. It involves analysing energy consumption patterns, understanding market trends, and negotiating with suppliers to obtain the best possible rates and contract terms.
  • Why is energy procurement important for my business?
    Energy procurement ensures that your business secures energy contracts that are both cost-effective and aligned with your operational needs. Proper energy procurement can lead to significant cost savings, budget predictability, and reduced risks associated with volatile energy markets.
  • How does The Smart Energy Company help with energy procurement?
    We specialise in analysing your energy consumption, understanding your specific needs, and leveraging our relationships with over 20 suppliers to negotiate the best possible contracts on your behalf. Our team ensures you get optimal rates, flexible terms, and contracts that align with your business goals.
  • How do you ensure I get the best energy rates?
    Our team continuously monitors the energy market, staying updated with trends, price fluctuations, and supplier offerings. Coupled with our in-depth analysis of your energy needs and consumption patterns, we negotiate with suppliers to secure rates that are both competitive and suited to your business.
  • Are there any hidden fees associated with your energy procurement services?
    Transparency is a core value at The Smart Energy Company. We provide a clear breakdown of any commission we earn as a company when you come to agree any new energy contract. This is typically included as an uplift in your unit rate and paid to us by the supplier you chose to go to. Our primary goal is to secure the best energy deals for you, with no hidden costs.
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Very helpful, quick expert advice. We have been using Smart Energy for a while.

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